VANCOUVER, Oct. 25, 2016 /CNW/ - On October 24, 2016, the Directors of Wall Financial Corporation (the "Company") declared a cash dividend of $0.60 for each Common Share without par value in the capital of the Company (the aggregate of the dividend being $20,372,019) to the holders of record of the Common Shares without par value on the 7^th day of November 2016 to be payable on or before the 21^st day of November, 2016.  The Company, for the purposes of the Income tax Act (Canada) and any similar provincial legislation, notifies that the dividend declared on October 24, 2016 is designated as an eligible dividend, and that all future dividends are designated as "eligible dividends", unless indicated otherwise.

The above information is expressed in Canadian dollars and is prepared in accordance with Canadian generally accepted accounting principles.

Wall Financial Corporation is a B.C. based real estate company active in the development and management of residential rental apartments, development and construction of residential housing for resale, and the development and management of hotel properties.

The Toronto Stock Exchange does not accept responsibility for the adequacy and accuracy of this release. The Toronto Stock Exchange has neither approved nor disapproved of the contents of this release.

SOURCE Wall Financial Corporation